Military Expenditure and Economic Growth Literature: A Meta-Analysis

Aynur Alptekin and Paul Levine ()

No 209, School of Economics Discussion Papers from School of Economics, University of Surrey

Abstract: This paper surveys the literature on military expenditure and economic growth us- ing a meta-analysis technique. There exists a vast empirical literature that examines the impact of military expenditure on economic growth. The outcomes of these studies have yielded controversial results. Therefore, a meta-analysis is conducted to review 25 empirical studies with 140 estimations. The result indicates that the net combined effect of military expenditure on economic growth is positive but the magnitude is very small.

Keywords: military expenditure; economic growth; meta analysis (search for similar items in EconPapers)
JEL-codes: C42 H5 O11 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2009-04
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sur:surrec:0209

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